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SEATTLE, WA, April 09, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article and on-site video discussing Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) (Germany: A9KN). HALO is a cannabis extraction company founded in 2016 in Oregon with operations in California and Nevada. As an early manufacturer of high-quality cannabis oils and concentrates, the company has produced over three million grams of product since its inception, making it one of the largest cannabis concentrate manufacturers in the country. Investors have the opportunity to participate in this growth story following its public listing on the NEO exchange and more recently on the US OTC Market.
Concentrates are the fastest growing segment of the cannabis industry, according to Arcview Market Research, with sales growing nearly 50 percent to about $3 billion last year in the US. As consumers seek out discreet and healthier consumption methods, the market intelligence firm predicts that US concentrate sales will reach $8.4 billion by 2022 and surpass dried flower as the most popular consumption method for patients and consumers.
CFN Media traveled to Medford Oregon to film the company’s operation and speak with CEO Kiran Sidhu.
Recent Expansion into California & Nevada
Halo Labs has been rapidly expanding across the country with new operations in California and Nevada. In fact, the company recently reported three consecutive months of record revenue including $2.4 million in revenue during January, $2.6 million in revenue during February, and $2.8 million in revenue in March 2019, with over half of those figures coming from newly launched California operations. These three months combined account for over 50% of